Nio Stock News

The New York-listed firm said it had received preliminary approval from the Hong Kong Stock Exchange to trade its shares in the city.

U.S.-listed Chinese electric vehicle maker Nio Inc (NYSE: NIO ) said on Sunday it has secured a key approval for a secondary listing in Hong Kong after months of delays due to questions about the company’s user trust holdings. What Happened: The Shanghai-based Nio said it has received a letter of in-principle approval from the Stock Exchange of Hong Kong Limited (SEHK) to list its Class A ordinary shares valued at $0.00025 a share on its Main Board. Nio’s American depositary shares (ADS), each representing one share, would continue to … Full story available on Benzinga.com

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